The pair is determined to go to 116.69 | 12 ديسمبر 2016

12 ديسمبر 2016, USD/JPY

Daily chart: the pair is definitely determined to go to 116.69 (upper Bollinger band). Key indicators are close to extremes, it means that there is going to be a big correction soon.

The pair is determined to go to 116.69

Н4: ADX is in trend! Do not consider any selling against such an aggressive ADX. However, for buying it's not a good time either. It is better to consider entering long, for example, around middle Bollinger band (114.11)

The pair is determined to go to 116.69

Н1: more localized support and resistance levels are 114.84 and 115.56, middle and upper Bollinger bands respectively). However, support level is not strong enough to hold out against such a fierce ADX.

The pair is determined to go to 116.69

Expectations: wait for a rise towards 116.69 (possibly through a rollback to 114.84)

Solutions: buy around 116.69 (the best option is to buy in 114.84)


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Aleksey Panasenko
محلل شركة FreshForex
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